Q4 FY26 Results: ₹78.53 Crore Net Profit, 64% YoY Growth; Revenue Surge to ₹663 Crore
Strong Year-End Close Drives FY26 Profitability Milestone
Shriram Properties reported consolidated net profit of ₹78.53 crore in the quarter ended March 2026, up 64.36% year-on-year from ₹47.78 crore in the March 2025 quarter. Quarterly total income surged 55.02% to ₹662.73 crore from ₹427.51 crore in the year-ago quarter.
For the full financial year, net profit rose 30.58% to ₹100.81 crore in the year ended March 2026, compared to ₹77.20 crore in the previous year. Total income for FY26 reached ₹1,356.93 crore, reflecting a 39.40% increase from ₹973.38 crore in FY25.
Sales Momentum and Collections Underpin Results
The company reported sales bookings of ₹663 crore across approximately 1.3 million square feet in Q4 FY26. For the full year, SPL reported sales bookings of ₹2,354 crore covering approximately 4.2 million square feet during FY26, supported by encouraging response to launches and strong sustenance sales across regions.
Customer collections reached a new high of ₹1,661 crores in FY26, up 12% year-on-year, driven by sustained construction progress and strong handover momentum during Q4. SPL achieved highest-ever handovers by delivering 3,465 homes and plots in FY26, remarkable given the company had to navigate eKhata and registration challenges that impacted handovers in the first nine months.
Project Deliveries and Pipeline Expansion
The company delivered its highest-ever quarterly revenue of ₹640.88 crores in Q4, up 258.23% quarter-on-quarter and 57.18% year-on-year. This performance was driven primarily by project completions and handover momentum, reflecting the capital-intensive and project-lumpy nature of real estate revenue recognition.
SPL invested approximately ₹370 crore towards new project investments during the year and has 18 million square feet of new projects currently in the pipeline for launch over the next three years. With approvals progressing well and well-distributed launches across regions including Kolkata, Chennai, and Bengaluru, the company expects stronger sales momentum in FY27.
Developer Background and Footprint
Shriram Properties commenced operations in Bengaluru in 2000 and has since expanded across key South Indian cities including Chennai, Coimbatore, and Visakhapatnam, as well as East India through a large mixed-use development in Kolkata. The company recently marked its foray into the western region with the launch of its maiden project in Pune.
The developer has delivered 50 projects accounting for 30.8 million square feet as of December 31, 2025, with a strong pipeline of 42 projects comprising 35.9 million square feet of area. Shriram Properties was envisioned by Chairman and Managing Director Murali Malayppan and the founder of the Shriram Group, R. Thyagarajan.
Capital Efficiency and Cost Management
Pre-tax profit before joint venture income or loss was higher by 25% year-on-year at ₹80.6 crores, also supported by lower finance costs which declined 18% year-on-year to ₹86.2 crores in FY26. SPL published operating capital of ₹271 crore and free cash flow before new project investments of ₹224 crore in FY26, having invested approximately ₹370 crore towards new project investments during the year.
Land expenses increased by 287% to ₹137 crores due to rising land costs in high-demand micro-markets like Sarjapur, where the company acquired four acres of land in February 2026.
Market Context and Strategic Outlook
Chairman and Managing Director Murali M stated that FY26 marks a defining year for the company, demonstrating the strength of its business model, execution capabilities, and resilience in navigating external challenges. The strong momentum witnessed in Q4 has continued to strengthen confidence and outlook for the coming year, with the Indian residential real estate sector remaining resilient and structurally strong despite ongoing global uncertainties.